If you donít have money in your savings account there is one person to blame... Look in the mirror. The reason that people have nothing in savings is simple, they do not see it as a high priority. Thatís it. It is that simple.

As for health savings accounts, this is even easier due to payroll deductions.

If you donít have money in your savings account there is one person to blame... Look in the mirror. The reason that people have nothing in savings is simple, they do not see it as a high priority. Thatís it. It is that simple.

As for health savings accounts, this is even easier due to payroll deductions.

If you don’t have money in your savings account there is one person to blame... Look in the mirror. The reason that people have nothing in savings is simple, they do not see it as a high priority. That’s it. It is that simple.

As for health savings accounts, this is even easier due to payroll deductions.

There is no reason for someone to not have savings other than that individual does not see savings as a priority. Savings should be a percentage of what a person makes. Since lower income people aren't paying federal income tax, it should not be difficult to put 5% - 10% of the check away each pay period. Set it up with your payroll department. For someone making $10 per hour working full-time that comes to $20 - $40 per week. Can't do 5%? Do 2.5% or 1% but to not have any savings... That is the fault of the individual.

My favorite accounts are the Flexible Spending Accounts. That is really an interest free loan from your employer because the money goes into it January 1, funding it fully. And in most states, the money cannot be recovered by the employer if you terminate employment after spending it. On the flip side, if it is not used it is lost. The FSA limit is $2600, which is actually a reduction that was caused by the PPACA. Before the PPACA the employer set the limits of the FSA, it was commonly limited to $5k or $10k, although there were companies with even higher limits. How does that save money? The money is pre-tax. Of course to someone not paying federal income tax, that probably doesn't matter. In addition, like I said, the full amount opted for was available January 1st. It is useful for copays, deductibles, coinsurance, and many things like glasses, blood pressure monitors, etc.

I find it funny when people ridicule the middle class and put 100% of the responsibility for their financial situation on the individual while holding the position that business failures are the fault of over regulation by the government.

I find it funny when people ridicule the middle class and put 100% of the responsibility for their financial situation on the individual while holding the position that business failures are the fault of over regulation by the government.

Well, I'm glad that I do not fall into that category. If a business fails, so be it. Are there far too many regulations? You bet, but you need to research them before you go into business. It is part of doing business.